Latest economy stories from across Kenya.
Kenya’s monthly inflation rate rose steeply to 4.5% in August compared to 4.1% in July, edged up by a rise in the price of food and transport, the biggest items in the average household’s consumer basket.
Ropem Telcom, the smartphones and electronics dealer, has re-opened its upgraded Nakuru branch.
The boards of all licensed banks have until this November to approve a new loan pricing prescribed by the Central Bank of Kenya(CBK) – which must then be implemented by February 2026.
The Central Bank of Kenya (CBK) has issued new guidelines that will assist banks to price their loans to retail customers. The Risk-Based Credit Pricing Model (RBCPM) takes effect on 1st September 2025.
Kenya’s banking sector remained well-capitalized and strongly positioned to support economic growth in the year 2024.
The Central Bank of Kenya (CBK), the government’s fiscal agent, collected KSh 179.8 billion at its second Government Bonds auction this month, against the KSh 50 billion it was seeking, with investors displaying huge appetite for the…
The UK’s decision to further slash its foreign aid budget has sent shockwaves across African nations, threatening critical development programmes and deepening concerns about the global North’s commitment to supporting the continent’s most…
Sugarcane farmers countrywide are poised for a financial uplift as the government has raised the minimum price of sugarcane to Ksh5,750 per tonne (1,000 kg), up from Ksh5,500, marking the second increase in 2025. The 4.5% hike, effective…
A global program that brings together brands, investors, recyclers, and waste worker organizations, the Responsible Sourcing Initiative aims to address the most pressing human rights issues in the plastics recycling value chain.
United Bank for Africa (UBA) and Transcorp Chairman Tony Elumelu has pledged to expand his business interests in Kenya after meeting with Prime Cabinet Secretary Musalia Mudavadi, who also serves as the Cabinet Secretary for Foreign and…
The primary goal of the KRA tax amnesty program is to support the taxpayers regularise their tax ledgers through corrections or reconciliations and doing away with existing erroneous obligations.
Kenya Breweries Limited’s flagship beer brand, Tusker, has been named the strongest and fastest growing brand in Kenya.
KRA is set to roll out an online chatbot that will support micro, medium and small enterprises (MSMEs) seeking tax information and services.
President William Ruto has announced that Kenya’s foreign exchange reserves have reached an unprecedented $10.3 billion, equivalent to 4.6 months of import cover as of May 8, 2025. Speaking to the press at an event in Nairobi on Tuesday,…
Governor Cecily Mbarire of Embu County has launched a fierce defence of muguka, a popular stimulant derived from the khat plant, as a proposed bill seeks to strip it from the country’s list of scheduled crops. The Anti-Muguka Bill,…
Former Deputy President Rigathi Gachagua has called for the immediate release of activist and software developer Rose Njeri, arrested last week for creating an online platform urging Kenyans to oppose the controversial Finance Bill 2025.…
Sweden has signed a $2.7 million (about Ksh350 million) agreement with TradeMark Africa to boost sustainable and inclusive trade in Kenya.
While East Africa leads with a projected 5.9% growth in 2025-2026, the region will be driven by resilience in Ethiopia, Rwanda, and Tanzania, as Kenya continues to lag behind due a slowdown in growth, according to the latest African…
Kenya Revenue Authority (KRA) has committed to safeguard taxpayer data within its possession as it implements its digital transformation programme.
Manufacturers around the world are eyeing Generative AI (GenAI) as a game-changer for their operations — from optimizing supply chains to boosting quality control.
Moi University, one of the country’s leading public universities, has terminated the contracts of more than 900 employees, citing severe financial constraints and the need to stabilise its operations. The Eldoret-based institution, which…
The International Air Transport Association (IATA) has released the Value of Air Transport study for Kenya, quantifying the substantial benefits that aviation (including aviation-related tourism) generates in terms of jobs and economic…
This approach is critical, especially as the region eyes the expansion of its blue economy—a sector that includes fisheries, maritime trade, offshore energy, and marine tourism.
The Ruto administration called for calm on Monday as unga prices surged past Ksh160 for a two-kilogram pack in April, with warnings of further increases looming. A 2kg packet of grade one maize flour now costs an average of Ksh164, up from…
